Common use of Deemed Prices Clause in Contracts

Deemed Prices. Section 8.1.2(b) of the Original Agreement is hereby deleted in its entirety and replaced with the following: The “Deemed Price” for each Licensed Film is as follows, it being acknowledged and agreed that such amount is applied for the purpose of calculating the Per-Program License Fees and is not intended to affect the Licensee’s determination of actual retail pricing: Current Film $4.99 $5.99 $6.99 Library Film $3.49 $4.49 $5.99